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Some other economic applications of the value

In: Handbook of Game Theory with Economic Applications

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  • Mertens, Jean-Francois

Abstract

Selected applications of the NTU Shapley value to settings other than that of general equilibrium in perfect competition. Three models are considered: Taxation and Redistribution, Public Goods, and Fixed Prices. In each case, the value leads to significant conceptual insights which, while compelling once understood, are far from obvious at the outset.

Suggested Citation

  • Mertens, Jean-Francois, 2002. "Some other economic applications of the value," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 3, chapter 58, pages 2185-2201, Elsevier.
    • Handle: RePEc:eee:gamchp:3-58
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    Cited by:

    1. Stefano Moretti & Fioravante Patrone, 2008. "Transversality of the Shapley value," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 16(1), pages 1-41, July.
    2. Jacob North Clark & Stephen Montgomery-Smith, 2018. "Shapley-like values without symmetry," Papers 1809.07747, arXiv.org, revised May 2019.

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    JEL classification:

    • C - Mathematical and Quantitative Methods

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